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Tuesday, 8 May 2018

Cyprus-Egypt natural gas pipeline to cost $800 million-$1 billion

Cyprus-Egypt natural gas pipeline to cost $800 million-$1 billion

08 May 2018, News Wires – A planned pipeline connecting Cyprus’ Aphrodite gas field to Egypt’s liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion (590 million and 737 million pounds), Egyptian Petroleum Minister Tarek El Molla said on Monday. Egypt has rapidly increased its production of natural gas and hopes …

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